(Bloomberg) — The rout in oil prices may well put a smile on the faces of liquefied natural gas buyers.Most of the world’s LNG is still sold under long-term contracts indexed to oil, which has remained a widespread practice since its inception in the 1960s. That means that some of the biggest importers — including Japan, China and South Korea — largely missed out from record low spot prices triggered by a milder winter and the startup of new supply.Oil’s collapse in the wake of an all-out price war between Saudi Arabia and Russia has changed the picture. An LNG …read more
Source:: Yahoo Finance
